categories added to investment classification group aim to make pensions comparison easier
The ABI has added further categories to its pension fund sector classifications, providing greater clarity for trustees and their advisers and better enabling like-for-like fund comparison. The Investment Classification Group (ICG) now has a comprehensive list of sectors to enable investors to compare different pension institutional funds. Seven new classifications have been added to the existing categories, which are managed, UK equity, fixed income and distribution. The new fund categories are: protected guaranteed, money market, currency, property, commodity/energy, closed and unclas...
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